The art of skill stacking
Estimated Reading Time: 2 minutes and 12 seconds
A lot of excuses come up when starting a new business venture. There’s a million reasons to not get started.
“I just don’t know enough to start my own business.”
“I don’t have the money to fund it.”
I’m sorry, but nobody is born with the knowledge to replace countertops. It’s a skill you have to learn over time. If you want to learn a skill you have to put yourself in a position to learn it.
If you are anything like me you like learning on your own, no one telling you what to do, just you figuring stuff out. That’s exactly how this newsletter started
In this newsletter we’ve gone over business stacking, which is a way to add additional revenue streams to your business.
A variation of business stacking is skill stacking. Once you get good at one skill, it becomes way easier to add another skill on top of that.
Let’s look at an example.
You may not know how to patch a hole in drywall and get the texture just right so it looks like the hole was never there.
But if you learn to paint first, you’ll understand the basics of colors and how those colors change when they go on the wall.
You’ve got a good foundation to build off of to learn texturing, patching, and even hanging drywall.
Starting a Handyman Business With Skill Stacking
In most parts of the United States you can start a handyman business without a license, provided your services are smaller than $1,000 in revenue.
To stay under this limit start with something very simple:
A big business starts small. -Richard Branson
Painting
Spring yard cleanup
Tree Trimming
Ceiling fan installation
Bathroom regrouting
Furniture assembly
Find the best way to acquire new customers in your small niche.
Make sure you are charging enough for your services.
Collect reviews from every single customer.
As your business grows, expand your skill set. Think about your customers and their needs. What’s something else you can build off to help your customers have a better experience? Can you learn how to do this? Better yet, can you hire someone who already knows how to do it and keep them busy enough?
Before you know it, 5 years will have gone by and you’ll own a business offering 20 different services and you’ll have 3 employees.
Success in business depends on opportunity, not a person’s passion.-Mike Rowe
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